Laserfiche WebLink
. r <br /> The amount of recaptured funds that is paid by the <br /> selling household will be redeposited into the Indian <br /> • River County Local Housing Assistance Trust Fund for <br /> redistribution by the IRCLHAProgram . However , the <br /> initial transfer of title for the assisted housing unit <br /> between an eligible non - profit organization sponsor and <br /> the eligible person ( s ) shall not be considered the resale <br /> of the unit requiring repayment of the loan amount , and <br /> applicable interest amount . <br /> The Satisfaction of Mortgage shall be executed upon <br /> payment of the original loan / grant principal amount as <br /> required by the corresponding IRCLHAProgram Assistance <br /> Strategy or Strategies . <br /> 9 . Data Development and Compilation <br /> The Community Development Department staff may collect <br /> and / or compile data to be utilized in analyzing the <br /> efficiency of the IRCLHAProgram , analyzing the need for <br /> affordable housing in Indian River County , developing <br /> additional assistance strategies for the IRCLHAProgram , <br /> or for improving the IRCLHAProgram . <br /> 10 . IRCLHAPlan Compliance Monitoring <br /> The IRCLHAProgram shall be conducted in compliance with <br /> • the Indian River County Local Housing Assistance Plan <br /> ( IRCLHAPlan ) and the requirements of the State of Florida <br /> State Housing Initiatives Partnership ( SHIP ) Program and <br /> Rule 67 - 37 , Florida Administrative Code ( FAC ) . <br /> a . The Community Development Department staff shall <br /> monitor all activities conducted as part of the <br /> IRCLHAProgram for compliance with the requirements of the <br /> IRCLHAPlan and Rule 67 - 37 FAC . <br /> Upon determination that the IRCLHAProgram will be unable <br /> to comply with the requirements of the IRCLHAPlan or Rule <br /> 67 - 37 FAC : <br /> I <br /> . The Community Development Department shall provide <br /> written notification of non - compliance to the <br /> Florida Housing Finance Corporation within ten ( 10 ) <br /> working days of the non - compliance determination ; <br /> and <br /> ii . Amendment proceedings to revise the IRCLHAPlan <br /> shall be commenced within twenty ( 20 ) working days <br /> of the non - compliance determination in order to <br /> reconcile the discrepancy between the requirements <br /> of the IRCLHAProgram and the IRCLHAPlan . <br /> b . The Community Development Department shall monitor <br /> expenditures of funds distributed from the State of <br /> 61 <br />